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- W2014776686 abstract "Abstract Volunteer labor is analyzed as a selfish, rational investment activity that people undertake to compete for rents, or prizes, auctioned off by a nonmarket, output-maximizing organization. The model is located at the intersection of the tournament and rent-seeking literatures and proves that, with identical risk-neutral individuals, only two prizes, and free entry, the organization will find it optimal to set the bottom prize at zero and thus promote a volunteer contest. A broad range of real-world examples is shown to fit well with the model." @default.
- W2014776686 created "2016-06-24" @default.
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- W2014776686 date "2004-09-01" @default.
- W2014776686 modified "2023-09-26" @default.
- W2014776686 title "Competition among volunteers" @default.
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- W2014776686 doi "https://doi.org/10.1016/j.ejpoleco.2003.10.009" @default.
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